BRP Inc. (TSE:DOO) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of BRP Inc. (TSE:DOOGet Free Report) have been given an average rating of “Moderate Buy” by the twelve brokerages that are presently covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is C$104.62.

Several research firms have recently weighed in on DOO. National Bankshares lowered their price objective on shares of BRP from C$107.00 to C$105.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 19th. Desjardins dropped their price target on BRP from C$117.00 to C$112.00 and set a “buy” rating for the company in a research note on Monday, March 25th. Raymond James increased their price objective on BRP from C$95.00 to C$114.00 in a research report on Thursday, January 4th. Citigroup cut their target price on BRP from C$128.00 to C$100.00 and set a “buy” rating for the company in a research note on Friday, December 1st. Finally, CIBC decreased their price target on shares of BRP from C$138.00 to C$106.00 and set an “outperform” rating on the stock in a research note on Friday, December 1st.

View Our Latest Analysis on BRP

BRP Trading Up 5.4 %

Shares of DOO opened at C$90.95 on Friday. BRP has a 1-year low of C$77.42 and a 1-year high of C$122.41. The company has a market capitalization of C$3.19 billion, a P/E ratio of 7.89, a P/E/G ratio of 1.94 and a beta of 2.41. The company has a debt-to-equity ratio of 438.99, a current ratio of 1.40 and a quick ratio of 0.20. The firm’s 50 day simple moving average is C$88.07 and its 200 day simple moving average is C$93.09.

BRP Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Monday, April 8th will be given a $0.21 dividend. This is a boost from BRP’s previous quarterly dividend of $0.18. The ex-dividend date is Friday, April 5th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 0.92%. BRP’s payout ratio is presently 6.24%.

BRP Company Profile

(Get Free Report

BRP Inc, together with its subsidiaries, designs, develops, manufactures, distributes, and markets powersports vehicles and marine products in North America, Europe, Australia, New Zealand, and Latin America. The company operates through two segments, Powersports and Marine. The Powersports segment offers year-round products, such as Can-Am ATVs, SSVs, and 3WVs; seasonal products, including Ski-Doo and Lynx snowmobiles, Sea-Doo PWCs and pontoons, and Rotax engines for karts and recreational aircraft.

Further Reading

Analyst Recommendations for BRP (TSE:DOO)

Receive News & Ratings for BRP Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BRP and related companies with MarketBeat.com's FREE daily email newsletter.